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"I Don't Think Billionaires Should Exist": Sanders Proposes Wealth Tax to Slash Fortunes of Ultra-Rich

Originally published at http://www.commondreams.org/news/2019/09/24/i-dont-think-billionaires-should-exist-sanders-proposes-wealth-tax-slash-fortunes


Billionaires are the kings and queens who rule our world from inside their fortresses.
Feudalism never went away. All of us are peasants on their plantation.
They control everything we need for survival–energy, medicines, food, communications, transportation, raw materials.
The vertical power hierarchy that Nature installed has, in the human world, resulted in the ultra-elite apex predators known as billionaires, who are assisted by their lackeys in destroying the biosphere and enslaving the peasants.
Bernie is engaging in deep, structural-change thinking. I hope the peasants can understand the true depth and incredible value of the revolution he’s proposing.


Sanders is right, billionaires should not exist. We should consider them a crime against humanity.


Now watch as the “regular” media try and chew on this. Wealth to that extreme isn’t real, it’s stealing. Talk with any amazon employee and hear about what has been stolen. The shame of it all is that we have to hire people to pass laws to make the scales balance. Fighting evil is ugly, Bernie does it very well.


Of course they shouldn’t! And it is great to hear it expressed so directly by a politician with an important voice.


In a real democracy there would not be one person with $162,000,000,000 personal wealth and a monopoly business that pays -0- taxes. There would not be a reported $19,000,000,000,000 hidden off shore to avoid taxes… the problem is not where to get the money. But then I answer my own question: We don’t live in a real democracy.


Sanders sez:
“This proposal does not eliminate billionaires, but it eliminates a lot of the wealth that billionaires have …”

Ayuh. To eliminate billionaires one would first need to eliminate capitalism. That seems a bridge too far at this point.


Damn Bernie. Talk about doubling down. The uber rich already hate you so might as well shoot for the moon. And for anyone on here who has friends who will complain, “but the uber rich earned their money!”, just remind them of all the working class people who worked their butts off to enable their wealth to accumulate. Without us, they are nothing.


I don’t think we should curtail anyone from earning an honest billion. But we should also know how, when, and how much to get returned to the queue… If people know what the end game is, will they still earn profits above that?
Yacht builders and diamond miners must get paid by mil-billionaires.
Of course they want more, more, more. That’s who they are. There is a pathology to to deal with here.
Legislating is likely the only way.


As Biden falls into oblivion, watch the establishment latch onto Warren as a last gasp to keep Bernie from the nomination. She will soon, if not already, be lavished with money and resources she never thought possible. The MSM might as well just make every Bernie article and op-ed headline, “ANYONE BUT BERNIE”.


We progressives talk about other candidates trying to catch up with Bernie on policy. Well this time Bernie has caught up with me. I have been advocating taxing billionaires out of existence for years, and he’s still the only one who has come over to agree with me. Probably because all of the other candidates and professional pols are wedded to billionaire money for their survival. Even Bernie does not go far enough. We need an unavoidable top income tax rate of 90% on incomes and estates of over $1billion, period, and a steeply progressive tax rate on all other incomes in the millions. No individual or family should have that kind of economic and political power.

Until we de-fang the super-wealthy by taxing their excess assets, and make it impossible for them to buy politicians and elections, we will never get the fundamental change in our society and politics that are necessary. The people have to demand this of our leaders, period.


Magical polling again flips and oh my, is that Warren I now see at the top of all the polls? Hedging their bets just in case the mainstream media isn’t able to contain Biden’s part in the Ukraine story.


Bernie as always telling it like it is which is overwhelming and somewhat depressing and then offering a thought provoking, doable and out-of-the-box solution.

Corporate Democrats need to get out of his way.


They forgot the zeroes.

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Machine guns work pretty well also. Just ask the Romanians.


One cannot earn an ‘honest’ billion. “Behind every great fortune lies a great crime.”


Bernie is exactly right. Given the scotus “citizens united” decision (as well the equally subversive decisions that “corporations are people”) that money equals free-speech the accumulation of vast wealth becomes a criminal reality - the uber-wealthy are more equal than others making a mockery of “one person - one vote”. The taxation on the uber-wealthy should be restored to the levels of the early 1950’s under Eisenhower; a progressive taxation rate structure with the highest rates about 90% - of course the poor and middle-class as low as can possibly be!

The other aspoect of this is the dynastic accumulation of vast wealth from generation to generation, made possible by politically (bought with vast wealth) generated taxation lowered to obscene levels, and the inheretance taxes also bought with the wealth made possible by politicians, candidates, campaigns and media exposure, and elections bought - made possible - by the corrupt system that empowere the accumulation of vast wealth far beyond any personal need or justice - that reality was spoken by FDR in this comment that defines the terms:

" The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism — ownership of Government by an individual, by a group, or by any other controlling private power " - FDR

The companion principle to FDR’s is well-defined by John Adams strong comment:

" Government is instituted for the common good; for the protection, safety, prosperity and happiness of the people; and not for the profit, honor, or private interest of any one man, family, or class of men." - John Adams

These essential, basic, principles have been stood on their heads, made possible to violate with impunity by the accumulation of great wealth in few hands that make a mockery of government and a society Of, By, and FOR the people, including control over our Fourth Estate - the full, truthful (and nothing but the truth!), informing of the public!

Bernie has long recognized these truths and must be supported in every way possible - as if our lives depended on it!


Bernie goes further here then the people who call themselves “Socialists” do in Countries many deem as Socialist.

This idea goes right back to the principles upon which the original Socialist parties the world over were founded upon , those principles being abandoned as the successors to these parties took those parties further and further right.

Good on Bernie. He is opening the eyes of millions to the possibility of Socialism and this is why he so hated by the powers that be. When such leaders arise in foreign Countries it has been all too easy for the 1 percent to use the US Military and CIA and powers of its Government and Media to destabilize, disrupt and destroy those Governments. It not so easy to do when it happening in the USA. They do generally deal with these domestic “problems” in other ways and I fear for the guy.


We should offer the 1% a simple choice: taxes or guillotines. I’m happy to pull the lever for those who choose the latter.


Bravo Bernie. Bringing into the mainstream the right issues. Hope the country raises up to his standards.